Crypto firm CoinDCX announces ₹111 crore ESOP buyback for employees — full details here
Indian cryptocurrency exchange CoinDCX announces buyback value of Employee Stock Ownership Plan (ESOP) ₹111 crore benefits more than 500 current and former employees.
Sumit Gupta, co-founder of CoinDCX, made the announcement on LinkedIn and said that the initiative aims to provide tangible value to employees and strengthen the company’s approach to ownership-oriented culture.
“Eight years ago, many people told us that starting a crypto company in India was ‘risky’. But where others saw risk, we saw a fundamental opportunity to shape the future of finance,” he said, adding that the buyback was aimed at proving that resilience pays off.
He also stated that the buyback includes former employees, acknowledging their role in CoinDCX’s growth journey and enabling them to benefit from the company’s progress.
“This is our way of saying thank you to our incredible team who has helped CoinDCX become India’s largest crypto exchange and enabled 2 crore Indians to start their crypto journey,” he said in the LinkedIn post.
What does ESOP buyback mean?
The ESOP buyback will allow eligible personnel, including those who have already left the company, to cash out a portion of their vested stock options, offering them the opportunity to profit from the company’s growth.
The initiative also marks one of the largest liquidity events by a cryptocurrency exchange in India. Such moves can help retain talent and provide employees with financial returns on their long-term contributions, according to analysts cited by CNBC.
Two crore user base in India and UAE
Founded in Mumbai in 2018, CoinDCX has grown rapidly, building a user base of over 2 crore across India and the UAE, positioning itself as one of the largest crypto trading platforms in the country.
Over the years, the company has expanded its product offerings beyond core crypto trading to include investing, Web3-focused services, and digital wallets, capitalizing on growing retail interest in digital assets.
The crypto exchange acquired Dubai-based BitOasis in the MENA region in July 2024 as part of its international push. Following the acquisition, BitOasis expanded its operations to Bahrain in 2025.
Just last year, the cryptocurrency exchange company faced a major security breach after hackers deleted nearly $44 million from the platform. However, the Mumbai-based crypto exchange clarified that the attack did not affect wallets used to store customer assets.
Operating under DCX Group, CoinDCX is backed by global investors such as Pantera, Steadview Capital, Polychain Capital, B Capital Group, Bain Capital Ventures and Coinbase Ventures. CNBC reported.
